News Article 2016

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February 16 2016, David R Brown

Australiasian speciality distributor, Axieo acquires Quantum Chemicals

Axieo has signed an agreement to acquire Quantum Chemicals Pty Ltd, a leading Australian supplier of speciality and industrial chemicals and oils. Based in Melbourne, Quantum has offices in Sydney, Brisbane, Adelaide, Perth as well as its own state of the art logistics centre in Dandenong.

Axieo is actively looking for strategic acquisitions with the potential to create value for our customers, supply partners, employees and shareholders

Sam Bastounas
Axieo Pty Ltd

Axieo's CEO Sam Bastounas said: “Axieo is actively looking for strategic acquisitions with the potential to create value for our customers, supply partners, employees and shareholders and add scale and strength to our business. This acquisition gives us a bigger portfolio: new brands, products and expertise for us to take to existing and new customers.”

Quantum Chemicals was founded in 1987 has become one of the leading Australian suppliers of specialty and industrial chemicals to a diverse range of industries including water treatment, soil remediation, energy and utilities, and pulp and paper.

About Axieo
Axieo Pty Ltd was formed in 2014 when the Specialties and Masterbatch businesses of Nuplex (ASX:NPX) were acquired by senior management, in partnership with CHAMP Private Equity. Axieo is one of the leading specilty chemcial distributors in Australia and New Zealand.

Source(s): Axieo Press Release

Further Information

Visit: http://www.axieo.com